Chennai: Union Bank of India has slashed its interest rate by 10 BPS for home loans above Rs 30 lakh.
In a statement, the bank said women borrowers will get further concession of 5 BPS in rate of interest over and above this reduction for such loan. There will be zero processing charges for home Loans till 31 December.
In addition to this it also waived legal and valuation charges upto Rs 10,000 in case of take over of home loans by Union Bank of India. There are no processing charges also for car and educational loans.